Product summary

Account name

One year regular savings account - issue 3

What is the interest rate?

Rates effective 24 January 2017:

Annual Interest gross p.a.*

AER*

£25+

3.00%

3.00%

*Gross p.a. is the rate of interest paid without the deduction of tax per annum. Please note that the automatic deduction of tax on savings interest ceased with effect from 6 April 2016. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Interest is calculated daily and will be added to the account at the end of the term.

Can Kent Reliance change the interest rate?

The interest rate on this account is variable and can change at any time. Up to date information on our interest rates can be found on our interest rates page, in branch or by calling our head office.

If your account balance is £100 or over, when we make a rate reduction we will personally notify you of the change at least 14 days in advance of the change taking effect.

Additional deposits can be made by cash (only available at our branches), cheque, bank transfer or standing order.

Note: If the maximum deposit limit is breached or regular monthly deposits are not made to the account, Kent Reliance reserves the right to transfer the account to our Easy access savings account.

Can I withdraw money?

Withdrawals are permitted without notice or penalty.

Take your passbook and a form of ID to your local branch and they will action your request.
There are different payment cut-off times depending on the method of withdrawal you require. For further details please visit our withdrawals page or call our Head Office.

At the end of the 12 months your account will automatically transfer to our Easy access savings account. We will write to you 14 days before the end of the term to confirm this. Once your account has been transferred to the new account we will write to advise you of your new account number and revised Terms and Conditions.

Additional information

We pay interest without deducting income tax, unless HM Revenue and Customs (HMRC)/the law requires otherwise. However, depending on your personal circumstances, you may be liable to pay income tax on the interest you have earned.

Get in touch

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.